---
title: "Midjourney revenue and valuation"
description: "Midjourney's revenue is estimated at $200M–$1.57B, last reported at $300M. Valuation estimated at $430M–$2.59B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/midjourney.md
canonical_url: https://www.tryspecter.com/revenue-valuation/midjourney
publisher: Specter
last_updated: 2026-11-01
---

# Midjourney revenue and valuation

Specter estimates Midjourney's annual revenue at $200M to $1.57B and its valuation at $430M to $2.59B. The company last reported $300M revenue in December 2024.

Midjourney is an AI-powered artwork generator that expands human imaginative powers.

- Estimated revenue: $200M to $1.57B (October 2026)
- Estimated valuation: $430M to $2.59B (October 2026)
- Last reported revenue: $300M (December 2024)
- Founded: 2022
- Headquarters: San Francisco, United States
- Employees: 204
- Sector: AI media
- Specter Rank: #447,307

## Midjourney revenue

Midjourney last reported $300M revenue in December 2024. Specter's model puts current revenue between $200M and $1.57B, anchored to two reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $300M revenue | December 2024 | [Disney and Universal sue AI startup Midjourney in first-of-its-kind clash](https://www.yahoo.com/entertainment/articles/disney-universal-sue-ai-startup-163626957.html) (yahoo.com) |
| $200M ARR | December 2023 | [A failed founder broke every Silicon Valley rule and built a $500M empire that VCs desperately wanted but couldn't touch...](https://www.linkedin.com/posts/daniel-derzic-668523156_a-failed-founder-broke-every-silicon-valley-activity-7358035021372293120-k8Ch) (linkedin.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $560M | $200M | $1.57B |
| September 2026 | $530M | $185M | $1.53B |
| August 2026 | $530M | $189M | $1.48B |
| July 2026 | $500M | $189M | $1.33B |
| June 2026 | $480M | $198M | $1.17B |
| May 2026 | $450M | $188M | $1.07B |
| April 2026 | $330M | $153M | $710M |
| March 2026 | $310M | $155M | $630M |
| February 2026 | $330M | $164M | $650M |
| January 2026 | $310M | $158M | $600M |
| December 2025 | $310M | $158M | $620M |
| November 2025 | $310M | $161M | $580M |
| October 2025 | $300M | $170M | $540M |
| September 2025 | $300M | $178M | $510M |
| August 2025 | $300M | $184M | $490M |
| July 2025 | $310M | $192M | $500M |
| June 2025 | $310M | $199M | $490M |
| May 2025 | $310M | $210M | $460M |
| April 2025 | $290M | $210M | $420M |
| March 2025 | $300M | $220M | $420M |
| February 2025 | $300M | $230M | $400M |
| January 2025 | $300M | $240M | $380M |
| December 2024 | $300M | $250M | $360M |
| November 2024 | $270M | $195M | $380M |
| October 2024 | $240M | $188M | $320M |
| September 2024 | $220M | $175M | $280M |
| August 2024 | $200M | $166M | $240M |
| July 2024 | $200M | $122M | $330M |
| June 2024 | $200M | $124M | $320M |

## Midjourney valuation

Specter's live estimate sits between $430M and $2.59B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $1.18B | $430M | $2.59B |
| September 2026 | $1.16B | $420M | $2.61B |
| August 2026 | $1.16B | $420M | $2.61B |
| July 2026 | $1.01B | $420M | $2.39B |
| June 2026 | $990M | $380M | $2.23B |
| May 2026 | $1B | $380M | $2.23B |
| April 2026 | $750M | $250M | $1.65B |
| March 2026 | $820M | $250M | $1.69B |
| February 2026 | $870M | $260M | $1.85B |
| January 2026 | $880M | $270M | $1.88B |
| December 2025 | $950M | $310M | $2.05B |
| November 2025 | $1.04B | $280M | $1.93B |
| October 2025 | $980M | $360M | $2.22B |
| September 2025 | $1B | $370M | $2.27B |
| August 2025 | $950M | $370M | $2.08B |
| July 2025 | $970M | $360M | $1.91B |
| June 2025 | $980M | $340M | $1.91B |
| May 2025 | $850M | $320M | $1.7B |
| April 2025 | $900M | $320M | $1.74B |
| March 2025 | $960M | $320M | $1.79B |
| February 2025 | $870M | $270M | $1.86B |
| January 2025 | $890M | $270M | $2.04B |
| December 2024 | $890M | $300M | $2.58B |
| November 2024 | $1.17B | $350M | $2.68B |
| October 2024 | $1.09B | $300M | $2.77B |
| September 2024 | $1.11B | $310M | $2.86B |
| August 2024 | $1.1B | $290M | $2.81B |
| July 2024 | $1.09B | $270M | $2.75B |
| June 2024 | $1.08B | $290M | $2.79B |

## Midjourney vs competitors

The AI art generation market splits between casual consumer tools and professional-grade design workflows.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Midjourney | $200M–$1.57B | $430M–$2.59B |
| Leonardo.Ai (leonardo.ai) | $25M–$67M | $199M–$520M |
| Ideogram (ideogram.ai) | $9.8M–$29M | $390M–$1.16B |
| OpenArt AI (openart.ai) | $166M–$240M | $580M–$5.18B |
| SeaArt (seaart.ai) | $36M–$98M | $75M–$300M |

## Questions

### What is Midjourney's revenue?

Specter estimates Midjourney's annual revenue at $200M to $1.57B as of October 2026. Midjourney last reported $300M revenue in December 2024.

### What is Midjourney's valuation?

Specter's live estimate is $430M to $2.59B.

### Who are Midjourney's competitors?

Leonardo.Ai, Ideogram, OpenArt AI and SeaArt. Specter ranks 30 competitors for Midjourney.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Midjourney revenue and valuation." tryspecter.com/revenue-valuation/midjourney. Updated November 2026.